Revered Silicon Valley investor Mary Meeker raises $1.25 billion for debut venture capital fund after leaving KPCB

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Updated: April 29, 2019 4:48:34 PM

Mary Meeker has raised whopping $1.25 billion for its venture capital firm Bond Capital, according to a regulatory filing at the US Securities and Exchange Commission (SEC). At KPCB, she had backed companies including Spotify, Square, Snapchat, Facebook, Twitter, JD.com, DocuSign etc.

Bond Capital emerged from a spin-out of KPCB’s ‘digital growth fund’ team in September 2018. (Image: Bloomberg)

Revered technology and venture capital (VC) forecaster and former partner at Silicon Valley’s premier VC firm Kleiner Perkins Caufield & Byers (KPCB) Mary Meeker has raised whopping $1.25 billion for its venture capital firm Bond Capital, according to a regulatory filing at the US Securities and Exchange Commission (SEC) accessed by Financial Express Online.

Bond Capital emerged from a spin-out of KPCB’s ‘digital growth fund’ team in September 2018 led by Meeker and other partners including Mood Rowghani, Noah Knauf and Juliet de Baubigny.

“Growth investing has changed as the market has become increasingly global and companies stay private for longer, requiring different strategies to pursue investments, perform research and add value,” American news website Axios said citing a letter by KPCB’s partner Ted Schlein to its limited partners with respect to the split.

Interestingly, the amount raised by Mary Meeker is more than double the 18th fund raised by KPCB reportedly worth $600 million in January this year.

However, whether $1.25 billion will be the overall fund size or would Mary Meeker raise more money is not confirmed. The new fund documents were filed last Wednesday with the SEC.

Mary Meeker’s annual report on internet trends is among the most highly anticipated reports talking about how global critical developments in e-commerce, technology, and the internet.

Meeker began her career as a Wall Street in 1990s and bet on stocks that were risky even as the dot-com bubble had burst later. The ace technology investor had worked for around two decades as managing director at Morgan Stanley before spending eight years at KPCB during which she had backed companies including Spotify, Square, Snapchat, Facebook, Twitter, JD.com, DocuSign etc.

Mary Meeker’s star investments Uber and Slack will have public listings in coming months. She would reportedly continue to invest from KPCB’s Digital Growth Fund III that closed in 2016.

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